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JBRC reviews capital project requests, extension petitions and university capital reports; committee receives state ceiling certifications

Joint Bond Review Committee · February 4, 2026
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Summary

Committee staff presented 58 PIP submissions, multiple phase‑2 extension requests (approved en bloc on the record), budget increases and scope revisions including Clemson’s veterinary college and several university reports; the committee received annual reports on state ceiling allocations for private activity bonds for 2026.

The Joint Bond Review Committee received an overview from Speaker 2 of capital projects and permanent improvement project proposals submitted by state agencies totaling roughly $538,300,000 in estimated total costs and $51,900,000 in requested budget changes. Speaker 2 noted 44 items totaling $8,300,000 were proposed for en bloc consideration and that one PIP was withdrawn by Greenville Technical College.

Clemson University presented a request to revise the Harvey S. Peeler College of Veterinary Medicine project, revise scope and increase the phase 2 budget to $273,400,000 funded by gifts and maintenance and stewardship funds to support a pavilion and utility work needed for accreditation. Francis Marion University requested $5,000,000 to continue renovations to the Hyman Fine Arts Center. Horry Georgetown Technical College, Spartanburg Community College, Trident Technical College and others presented phase 2 requests to address HVAC, roofing, classroom and health profession training needs.

Speaker 2 also read a list of 10 requests for extension of phase 1 submissions across multiple campuses and agencies (including South Carolina State University, Florence‑Darlington Technical College, Spartanburg Community College, Office of Adjutant General and others). Speaker 1 asked for questions and, hearing none, the transcript records that the requests "stand to approve," indicating the committee approved the extension requests on the record.

The committee received semiannual reports from the University of South Carolina on East Tower renovations (substantially complete; $18,300,000 expended through 12/31/2025 and $10,700,000 carried forward) and plans for a new 100,000 square‑foot science and technology center. A separate USC report on the health science campus outlined three capital projects (school of medicine relocation, brain health center, and a neurological hospital and rehab center), noted expenditures to date and an anticipated construction schedule.

Speaker 2 also presented a report of petitions for state ceiling allocation showing two petitions in 2025: $17,500,000 awarded to the Jobs Economic Development Authority for the Bio Carbon Fuels LLC project and $694,700,000 designated as carry‑forward allocation to the State Housing Authority. The committee received as information an annual certification establishing the 2026 state ceiling for qualifying public educational facilities at $55,700,000 and the overall private activity bond ceiling at $751,900,000.

Votes at a glance: the transcript shows en bloc PIP items and phase‑2 extension requests were ordered approved where no objections were raised; several individual PIP requests were presented for committee review and will follow the committee’s standard approval processes.

Next steps: Items with funding or scope increases will proceed through the committee’s formal review channels; the committee tentatively set a future meeting date and adjourned.